Homework answers / question archive / Use the following to answer questions 13 and 14: The following data has been taken from the accounting records of Baby Face Nelson Corporation for the most recent year:   Raw Materials purchased

Use the following to answer questions 13 and 14: The following data has been taken from the accounting records of Baby Face Nelson Corporation for the most recent year:   Raw Materials purchased

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Use the following to answer questions 13 and 14:

The following data has been taken from the accounting records of Baby Face Nelson Corporation for the most recent year:

 

Raw Materials purchased............................... $170

Direct Labor................................................... $210

Manufacturing Overhead........................... $200

Selling & Administrative expenses ................ $320

Raw Materials Inventory, beginning............... $70

Raw Materials Inventory, ending.................... $80

Work in process inventory, beginning............ $30

Work in process inventory, ending................ $20

Finished goods inventory, beginning.............. $100

Finished goods inventory, ending.................. $70

 

Question 13

1 pts

Baby Face Nelson's Cost of Goods Manufactured for the year was:

 

$600

 

$590

 

$580

 

$570

 

 

Question 14

1 pts

Baby Face Nelson's Cost of Goods Sold for the year was:

 

$570

 

$600

 

$610

 

$680